1071 Update: July 2025
The latest 1071 compliance updates, news, and analysis for financial institutions and small business lenders covered under the CFPB’s Section 1071 rule.
State Fair Lending Enforcement Is Heating Up: Massachusetts Hits Lender with $2.5 Million Settlement
States are stepping up their fair lending regulatory requirements. Learn from the latest enforcement actions citing AI-driven underwriting and more.
Fair Lending Risk Assessments: Everything You Need to Know
Discover what a fair lending risk assessment entails and the key components your financial institution needs to stay compliant and proactive.
What Is Compliance Risk?
Explore rising compliance risk concerns for financial institutions and how to navigate evolving compliance requirements.
10 Best Practices for a Better Lending Compliance Program in 2025
How can institutions enhance lending compliance management in a complex regulatory environment? Here are best practices for 2025 and beyond.
Top 5 Takeaways from the 2024 Interagency Fair Lending Webinar: Redlining, HMDA Compliance & More
Learn about the emerging fair lending risks regulators are evaluating and effective strategies for mitigating risk.
Navigating Compliance Challenges: Lessons from Credit Union Enforcement Actions
Learn from the mistakes of credit unions and explore how your financial institution can mitigate risk and elevate your compliance program.
The Redlining Wake-Up Call: Lessons for Mortgage Lenders
Mortgage lenders must take action to address redlining risks and ensure fair lending practices to avoid severe penalties. Learn more.
Compliance for Mortgage Companies: How to Avoid Top Violations
Mortgage companies can avoid compliance violations with a strong compliance management system. Here’s how to do it.
DOJ Fines Credit Union $6.5 Million in Redlining Settlement
First-ever credit union DOJ redlining settlement shows that fair lending is a credit union challenge too.
8 Red Flags Indicating Potential Fair Lending Risk
When assessing Fair Lending risk, it’s not just what your FI is doing, but what it’s not doing. These 8 red flags may indicate potential Fair Lending risk.
Court Says CFPB Can Act Against Lenders that Disparage Prospective Applicants
CFPB fair lending authority increases with court ruling ECOA includes protections for prospective credit applicants. Learn how this impacts you.
Fair Lending DOJ Referrals Up 175%: How Many Did Your Regulator Refer?
Find out which fair lending violations are leading to DOJ referrals for banks and credit unions – and how to protect your financial institution.
Managing 1071 Costs
Small business lenders worried about the high cost of Section 1071 implementation should consider the benefits of outsourcing.
Credit Union Examiners to CEOs: Fair Lending Exams are Coming!
Credit unions need to pay attention to fair lending. Examiners will be – and the media is too. Here’s what you need to do.
Fair Lending 2024: Top 7 Takeaways
What does your financial institution need to understand about fair lending compliance in 2024? Let's revisit our January webinar and find out.
Mapping and Fair Lending: How the Agencies Use Your HMDA Data
The Agencies told us they use maps to prove redlining. Tell your HMDA compliance story visually with fair lending analytics mapping tools.
DOJ Settles $9 Million Redlining Suit with Bank
How does your financial institution manage unintentional redlining? Regulators require data that demonstrates HDMA compliance.
3 Things Compliance Officers Should Do to Prepare for an Exam
We'll share 3 actions the best compliance officers take, and 6 steps for Fair Lending exam prep. If you have an upcoming exam, you need to read this.
Recent Trends in Fair Lending Compliance
The DOJ is bringing Fair Lending Lawsuits against financial institutions. Is your institution prepared? Read more about recent trends in fair lending compl…
Inside the CFPB Fair Lending Report 2023
Find out the latest fair lending violations across the agencies and where they’ll be looking next as we share highlights of the CFPB Fair Lending Report.
Section 1071 Data Collection: What Is “Reasonably Designed?”
Ncontracts answers your questions about reasonably designed procedures for Section 1071 small business data collection procedures and timing
Changing Census Tracts and the Impact on Your Fair Lending Analysis
Changes to census tracts from the 2020 census can impact your Community Reinvestment Act (CRA), redlining, and other fair lending analytics.
Consumer Fair Lending Analysis - What's in a Name?
Examiners are conducting Fair Lending comparative analysis using “surrogates” to assign gender and ethnicity.
Redlining Enforcement in 2023 Already Cost Banks $40 million
Redlining enforcement is heating up. Here are best practices to avoid and correct unintentional redlining.
How to Tell Your HMDA Data Story
HMDA data story best practices – everything from data collection and analysis to board reporting
1071 Update: Q&A with a Reg Expert
Ncontracts 1071 expert answers frequently asked questions (FAQ) about 1071 (commercial HMDA)
Regulatory Compliance in 2023: We Answer Your Top 5 Questions
Regulatory compliance experts help you get exam ready and talk about the top 8 areas examiners will be looking at
3½ Questions Before You Change Compliance Policy: Are You a Maverick?
3.5 questions you should always ask before implementing any new regulatory compliance policy. Don't be a Maverick.
Lending Compliance Q&A for Lenders
Lenders are focused on bringing in and closing loans, but they are also responsible for compliance. Here are some Q&As to help stay focused and compliant.